Florida Foreclosures Climb 14% as Lenders Resume Home Seizures – Businessweek
1Following the recent settlement between banks and the government, foreosure activity has increased 14% over the same time last year.
In a prior post I discuss how several indicators would lead you to believe that the housing market in Florida is improving, but that an increase in foreclosure activity following the recent $26 billion dollar settlement could be an issue. Well, this is the follow up that indicates that foreclosure activity for January 2012 has increased 14% over January last year. And, the timing indicates the banks ramped up foreclosures in anticipation of the settlement.
If you are facing a foreclosure, please call me so we can discuss how I can help.